|Current / Passing Rent||S$110,100|
|Escalations||10% in 2021|
|Tenant||Sonic Restaurants, Incorporated|
Property DescriptionSingle-tenant Sonic fast food restaurant for sale in growing, affluent suburb of White House, located 20 miles north of Nashville. Positioned along Highway 76 and close to the major retail corridor that includes Kroger, Walmart, Walgreens and more. This Sonic is the only location in White House and serves a population of over 16,000 in a 3-mile radius.
- Fee simple interest
- Property includes an absolute NNN lease structure with over 7 years of primary term remaining
- Lease is guaranteed by Sonic Corporation, the nation’s largest drive-in restaurant chain, serving more than 3 million customers a day
- Zero landlord responsibilities